Deutsche Bank AG Acquires 54,759 Shares of Axos Financial, Inc. (NYSE:AX)

Deutsche Bank AG lifted its holdings in Axos Financial, Inc. (NYSE:AX) by 143.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 92,818 shares of the company’s stock after purchasing an additional 54,759 shares during the quarter. Deutsche Bank AG’s holdings in Axos Financial were worth $6,483,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Axos Financial during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new position in shares of Axos Financial during the fourth quarter valued at $52,000. NewEdge Advisors LLC boosted its holdings in Axos Financial by 1,700.0% in the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd acquired a new stake in Axos Financial in the fourth quarter worth about $66,000. Finally, SRS Capital Advisors Inc. increased its position in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after purchasing an additional 773 shares during the period. 83.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. The trade was a 41.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the sale, the director now owns 113,295 shares in the company, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

AX has been the topic of a number of research reports. DA Davidson cut their target price on shares of Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Axos Financial in a research note on Thursday, May 1st. Piper Sandler lowered their target price on shares of Axos Financial from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Raymond James reissued an “outperform” rating and issued a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Axos Financial Stock Down 0.3%

Shares of NYSE:AX opened at $72.49 on Friday. The company has a 50 day moving average price of $63.68 and a two-hundred day moving average price of $69.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $4.09 billion, a PE ratio of 9.74 and a beta of 1.25. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to analysts’ expectations of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the prior year, the company earned $1.91 EPS. Analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial declared that its board has initiated a share buyback program on Monday, May 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.